Sprouts Farmers Market LLC (SFM)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 258,856 | 261,164 | 244,157 | 287,450 | 149,629 |
| Total stockholders’ equity | US$ in thousands | 1,148,550 | 1,046,460 | 959,876 | 881,293 | 581,952 |
| ROE | 22.54% | 24.96% | 25.44% | 32.62% | 25.71% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $258,856K ÷ $1,148,550K
= 22.54%
Sprouts Farmers Market Inc has shown consistent performance in terms of Return on Equity (ROE) over the past five years. The ROE has fluctuated between 22.54% and 32.62% during this period. The highest ROE of 32.62% was achieved on Jan 3, 2021, while the lowest ROE of 22.54% was recorded on Dec 31, 2023.
Despite the fluctuations, the overall trend indicates that the company has been able to generate a strong return for its shareholders relative to its equity base. This suggests that Sprouts Farmers Market Inc has been efficient in utilizing its shareholders' equity to generate profits. It is essential for the company to continue monitoring and improving its ROE to ensure sustained profitability and shareholder value creation.
Peer comparison
Dec 31, 2023